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IndustryUpdate

ANNOUNCEMENTS ACI. “With countless students experiencing various cur-
riculum scenarios—from exclusively online to a hybrid
approach—there is an increased need for in-home edu-
BHMI's real-time payments honored cational items such as online course material, digital
BHMI, a provider of enterprise software applications content, computers and desks," said Debbie Guerra,
and creator of the Concourse Financial Software Suite, executive vice president, ACI Worldwide.
received top honors at the PayTech Awards 2020 digital Mercator studies influence of WeChat Pay, Alipay
ceremony, winning the Excellence in Tech Award for
Best Real-Time Payments Solution. Produced and hosted A Mercator report titled Asian Mobile Pays Continue
by FinTech Futures, the awards program celebrates inno- High Growth, But U.S. Market Expansion Stalls looks
vation in the payments industry worldwide, recognizing at the expanding influence of the largest mobile pay-
the leaders and solutions that help drive it. ment apps in Asia and how they are setting a path for
mobile payments in the United States. Mega payments
Checkbook joins Visa’s Fintech Fast Track program apps Alipay and WeChat pay gained traction in the U.S.
Online payment processor Checkbook.io joined Visa’s market through availability at thousands of merchants.
Fintech Fast Track program, speeding up the process However, COVID-19 and trade tensions and politics
of integrating with the Visa network, and allowing have put an abrupt end to the stream of travelers from
Checkbook to leverage the reach, capabilities and securi- China who would use their homegrown mobile apps
ty that VisaNet, Visa’s global payments network, offers. while visiting the United States. "Now that U.S. mer-
Through Fast Track, Checkbook is taking real-time1 pay- chants have seen the cost benefits and purchase transac-
ments to the masses with the launch of its Virtual Cards, tion simplicity of Alipay and WeChat Pay, they will be
Checkbook said. Visa’s Fintech Fast Track Program pro- looking for the payments industry to bring similar ways
vides startups access to Visa’s growing partner network. to pay to their stores”, said Ray Pucci, director, Merchant
Services Advisory Service at Mercator Advisory Group
i3 Verticals prices Class A and co-author of the report.
common stock public offering
PARTNERSHIPS
i3 Verticals Inc. priced its public offering of 3,250,000
shares of Class A common stock at a public offering
price of $23.50 per share. In addition, the company MYHSM collaborates with Compass Plus
granted underwriters a 30-day option to purchase up to MYHSM, a provider of cloud-based Payment Hardware
an additional 487,500 shares of Class A common stock at Security Modules (HSM) as a Service, is partnering with
the public offering price, less the underwriting discount. Compass Plus, a provider of retail banking and elec-
Shift4 prices public offering of tronic payments software to processors and financial
Class A common stock institutions. Together, they are enabling payment pro-
viders to deploy Cloud-based infrastructure that aids
Shift4 Payments Inc. priced its underwritten public growth, innovation, and success, the companies stated,
offering of 2,000,000 shares of its Class A common stock adding that the partnership offers fast, flexible project
and 8,000,000 shares of Shift4 Class A common stock implementation which is crucial for both fintech startups
by certain selling stockholders, at a price to the public and established tier 1 banks.
of $48.50 per share. The underwriters will also have a Paysend, Central Payments team up
30-day option to purchase up to an additional 1,500,000
shares of Class A common stock from the selling stock- UK-based Paysend's money transfer service is now
holders. available for American consumers, providing an afford-
able, accessible alternative solution for cross-border
RESEARCH transactions, Paysend stated. The company’s move to
the United States is enabled by Paysend’s new partner-
Global ecommerce spikes during ship with Central Payments, the payments subsidiary
back-to-school season of Central Bank of Kansas City. Paysend is launching
its American operations on the West Coast under the
New data from ACI Worldwide indicates global ecom- leadership of Matt Montes, who will serve as general
merce transactions increased by 24 percent in August manager of the company’s U.S. business.
2020 compared with August 2019. Sales of back-to- PyePOS, MagTek partner on
school items, which increased 56 percent from January
through August 2020 compared with the same period in self-service kiosks for QSRs
2019, were among the main drivers, along with sport- MagTek, a provider of retail electronic payments and
ing, outdoor, pet supplies and DIY goods, according to security technology, and PyePOS, a self-service technol-

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